Question
Use the present value formula to determine the amount to be invested now, or the present value needed. The desired accumulated amount is $85,000
Use the present value formula to determine the amount to be invested now, or the present value needed. The desired accumulated amount is $85,000 after 10 years invested in an account with 6% interest compounded semiannually. The amount to be invested now, or the present value needed, is $ (Round to the nearest cent as needed.)
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Pearson Edexcel A Level Mathematics Pure Mathematics Year 2
Authors: Greg Attwood, Jack Barraclough, Ian Bettison, David Goldberg, Alistair Macpherson, Joe Petran
1st Edition
9781292183404
